1on1 Insurance Solutions

Condo Insurance is not the same as homeowners insurance.
The primary distinction is that it emphasizes your personal belongings, the interior of your unit, and individual liability.
It does not offer protection for the internal common areas or the building's framework. This kind of coverage is provided by the condo corporation. To put it another way, a typical condo insurance policy would cover:
Personal Contents are the things that belong to you - like your clothes, food, furniture, and appliances - that are usually found in a dwelling. If something happens to these things while you're staying at your home, the insurance company will cover them.
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Additional Living Expenses additional costs incurred as a result of relocation if a home becomes order to maintain a quality of living. Loss of rental income is made up by Fair Rental Value.
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Personal Liability provides coverage for injuries and damage done to other people or things, as well as damage done to property on your property. This insurance can also cover people who are injured or harmed while visiting you.
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Unit Owners Improvements and Betterments are any modifications to fixtures like wiring, plumbing, floors, or appliances are covered by your insurance.
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Loss Assessment Coverage is when the condo's corporation's policy does not provide sufficient coverage for an insured loss.